🇺🇸 TN, United States · 2026

Cost of Living in Memphis

11.8% below the United States average

Ranked #134 of 577 cities · More expensive than 76.8% of cities worldwide

-11.8%
Cost of Living
-26.9%
Rent
-2.3%
Groceries
-5.2%
Purchasing Power

Compared to United States average · See United States ranking →

Rent Prices in Memphis

Apartment City Centre Outside Centre You Save
1-Bedroom USD 1,477/mo USD 1,178/mo 20%
3-Bedroom USD 2,062/mo USD 1,865/mo 10%
Numbeo · 2026-10-02

Multi-Source Comparison

★ Low Confidence

Memphis has a cost of living index of 50.9 (New York = 100, rent included), from a single data source.

50.9
Index
1
Sources

Source Values (NYC = 100)

Numbeo
50.9
Expatistan
No data
LivingCost
No data
ShouldIMove price index
No data

ShouldIMove price index: our own basket of real item prices plus rent.

View all 577 cities | Data collected: Numbeo October 2026

Cost Indices

Cost of Living
-11.8% Affordable
Rent
-26.9% Very affordable
Groceries
-2.3% Average
Restaurants
-9.3% Affordable
Purchasing Power
-5.2% Average

Living in Memphis: What to Expect

Memphis is expensive by global standards (ranked #134 of 577 cities). It is 11.8% cheaper than the United States average, based on 82 cities.

Groceries are average and dining out is affordable. The best value is rent and the priciest is groceries.

Local purchasing power is strong: residents can afford more goods and services than in most cities.

How Does Memphis Compare?

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